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1 Finding Finance for Forests Finding Finance for Forests: An Overview Survey of Known Sources, 2018 A Contribution to the GFFFN Jan L McAlpine & Brendon Church Consultants December 2018 1 1. EXECUTIVE SUMMARY The purpose of this report is to provide an overview of known funding organizations and mechanisms which provide financing for forests, in particular to the priority countries as identified in UNFF 11 Resolution; namely Africa; Least developed Countries (LDC); High Forest Cover countries (HFCC); Low Forest Cover Countries (LFCC); and Small Island Developing States (SIDS). This report provides a first step in identifying these funding mechanisms, with a great deal more work required to develop more detailed information about the organizations, their targeted funding, their geographical and sectoral foci and the salient information needed for countries about the application process. This information will form the foundation for the GFFFN’s future work in developing a clearinghouse and educational process on financing sources for funding. In many ways this is the beginning of critical work needed to provide the support to member states to access financing. What has been available thus far has not been substantive enough or structured in such a way as to adequately benefit states needing funds. The Global Forest Financing Facilitation Network (GFFFN), created by the UNFF, is structured to do just this. GFFFN Mandate Established under the UNFF, the UNFF-11’s Resolution indicated the major need for a mechanism to provide support to countries in obtaining financing for forest-related projects through a number of programmatic elements, including a data base of information on organizations which provide funding to countries for this purpose, in particular for the above priority countries. In addition, the Resolution calls for an expansion of information available from existing programs, including in particular the Collaborative Partnership on Forests (CPF) Sourcebook on Forest Financing (now long out of date); the REDD+ programme; and assistance from the GFFFN to build capacity in project development from existing financing mechanism; and, doing so in order to contribute to the achievement of the GHGs and 4POW and others as relevant.1 Furthermore, the UNFF adopted The United Nations Strategic Plan on Forests (UNSPF) in 2017, in which further priorities were identified, including promoting and assisting in the development of forest financing strategies; building efficiencies in effective use of existing sources of finances; providing a clearing house with a database on existing and future financing mechanisms, including by helping member states to share lessons learned and best practices from their best projects; and ensuring that the GFFFN is effectively structured to contribute to the achievement of the global forest goals and targets and in achieving the fourth Quadrennial Programme of work (4POW). History of GFFFN’s Contributions The GFFFN began by assessing the needs of member countries in their attempts to access forest-related financing. GFFFN ran workshops from 2015-2017, together with government agencies, in 19 national training courses and workshops on project design and development in 13 countries. In addition, six regional and sub-regional training events were organized. These are well document in the Simula paper, and complemented by UNFF Secretariat background papers.2 1 UNFF 13 Resolution X on the Adoption of the GFFFN 2 Markku Simula, UNFF Secretariat “Review of the Activities of the Global Forest Financing Facilitation Network,” March 2018 2 As reflected in Markku Simula’s paper, “Review of the Activities of the Global Forest Financing Facilitation Network,”3 actions to date include Capacity Building initiatives, support with member countries in accessing financing; mobilization of financing through, inter alia, “catalytic assistance” at an estimated gain of USD 650-750 million; support to National Forest Financing strategies; targeted assistance to the UNFF priority countries as a priority; and the beginnings of establishing a Clearing House function. This work has focused on an analysis of known financing sources for forests and forest-related fund, e.g., forestry, biodiversity, communities and indigenous peoples, climate change, and so on. It provides recommendations for future work to deepen and broaden the data base of information on the funding sources, including data on existing budgets, level of financing for forest-related projects, application processes and recommendations for future capture of data on the types and levels available to assist countries in accessing financing. Overview of Recommendations for further Assessment and Development of Financing Sources In the course of the survey of existing organizations that provide applicable funding, the consultants identified the need for very specific definitions of what qualifies as forest and forest-related funding. A good example was the listing in the CPF Sourcebook of the Bill and Melinda Gates Foundation, which, while financing large amounts of money for health projects, for example, that can benefit forest-dwellers, is not relevant for the GFFFN. The Foundation does not provide forest funding. Thus, the need for the development of parameters for the identification of eligible projects for the GFFFN. An overarching recommendation is that the GFFFN, working with UNFF member countries should develop a detailed list of what types of financing is most needed, in particular looking at the list of priority country needs and the types of projects for which funding could be sought. Up to this point the definitions are vague and frequently identified with broad parameters, which now appears to offer a majority of organizations and funds which are actually outside of the scope of the needs of UNFF member countries. Priority Conclusions The opportunities for identifying funding sources and in-depth information on application and project implementation are wide open for the GFFFN. What we thought we had previously invented, is now open for effective development. From the perspective of this survey, the GFFFN has a tremendous opportunity to provide substantively useful information to UNFF member states on forest funding sources and project financing modalities. With careful guidance, supervision and an appropriate level of financial support, the GFFFN is going to be a major success. 3 Simula, “Review of the Activities of the GFFFN,” March 2018 3 1.2 TABLE OF CONTENTS 1.1 EXECUTIVE SUMMARY………………………………………………………………….….…….2 1.2 TABLE OF CONTENTS………………………………………………………………….….………4 1.3 ABBREVIATIONS AND ACRONYMS…………………………………………………….……… 5 1.4 BACKGROUND…………………………………………………………………………………….. 6 2. SURVEY OF FOREST AND FOREST-RELATED FUNDING SOURCES 2.1 Methodology and sources of information……………………………………………………………… 7 2.2 CPF Sourcebook on Forest Financing…………………………………………………………………. 7 2.3 UN REDD+ Forest funding projects…………………………………………………………………...14 2.4 Global Environment Facility (GEF) …………………………………………………………….……. 15 2.5 International Tropical Timber Organization (ITTO)…………………………………………………...17 2.6 Government Funding sources (OECD DAC)…………………………………………………………..19 2.7 Regional Funds………………………………………………………………………………………….19 2.8 World Bank Group………………………………………………………………………………………20 2.9 The Green Climate Fund………………………………..……………………………………………….21 2.10 Climate Change Adaptation Fund………………………………………………………………22 2.11 Private Sector …………………………………………………………………………………..22 2.12 Private Foundations……………………………………………………………………………..23 3. The “Mechanisms” of Clearing Houses……………………………………………………………..……23 4. RECOMMENDATIONS…………………………………………………………………………………..24 5. CONCLUSIONS……………………………………………………………………………………………26 6. ANNEX……………………………………………………………………………………………………...27 6.1 The Global Environment Facility (the GEF) 6.2 The OECD DAC 6.3 The GFFFN Survey 4 1.3 ABBREVIATIONS AND ACRONYMS 13.1 CBD Convention on Biological Diversity 13.2 CPF Collaborative Partnership on Forests 13.3 FAO Food and Agriculture Organization 13.4 4POW Programme of Work 13.5 GFFFN Global Forest Financing Facilitation Network 13.6 GEF Global Environment Facility 13.7 GHG Greenhouse Gas Emissions 13.8 HFCC High Forest Cover Countries 13.9 LDC Least Developed Countries 13.10 LFCC Low Forest Cover Countries 13.11 NFMs National Forest Monitoring Systems 13.12 NGOs Non-governmental Organizations 13.13 OECD Organization for Economic Cooperation and Development 13.14 UNREDD Reducing Emissions from Deforestation and Degradation 13.15 SDGs Sustainable Development Goals 13.16 SIDS Small Island Developing States 13.17 UNFF United Nations Forum on Forests 13.18 UNSPF UN Strategic Plan for Forests 5 1.4 BACKGROUND From the Rio+ 20 Earth Summit in 1992, discussions on forests highlighted the critical need for financing for forests, particularly for developing countries. The subsequent discussions in the Intergovernmental Panel on Forests (IPF), the Intergovernmental Forum on Forests (IFF) and the United Nations Forum on Forests (UNFF), covered a great deal of territory. Focusing on, inter alia, where the needs were for forest and forest-related financing; identifying some of the sources of funding; appeals for more ODA and private sector financing and the recommendation for a Global Forest Fund and highlighting the need for training and education. While many were frustrated in the discussions, a great deal was learned and gaps were identified. This step-wise approach inevitably led to the creation of the Global Forest Financing Facilitation Network (GFFFN) at UNFF’s eleventh session in
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